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shepuryov [24]
3 years ago
10

Assuming that a customer has the ability to pay, revenue from a sporting event is recognized by the event promoter (the party re

sponsible for all event business elements such as selling tickets, promoting the event, securing the venue, etc.) when:________a. A waiting list for the sporting event’s tickets has been formedb. When the cash from selling the tickets is collectedc. The tickets to the sporting event are soldd. The sporting event takes placee. All of the listed answers
Business
1 answer:
nydimaria [60]3 years ago
3 0

Answer: The sporting event takes place.

Explanation:

By the Revenue Recognition principle of Accrual based accounting, revenue is only to be recognized when it is earned. In other words, it should only be recognized if the service or good that was paid for has been delivered.

In the above scenario, the service to be delivered is the sporting event. As such, the event promoter should only recognize the revenue when the sporting event is delivered by taking place if they are going by the Revenue recognition principle which is a principle recognized by both U.S. GAAP and IFRS.

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A local barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
Tatiana [17]

A local barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?


To solve this question:

Take the 60 books received and divide them by the total 80 books they ordered.

60/80 = 75%


Barnes and Noble received 75% of the books they ordered so they are missing 25% of them.

7 0
3 years ago
Read 2 more answers
Is the concept of a team bonding through the subjugation and humiliation of some of its junior members valid, or do these behavi
NARA [144]
Team bonding through the subjugation of junior members is not valid. Junior members should be encouraged by the senior members to strive for the team, not belittled or humiliated in the process. Different people assume comradery in different ways, some through degradation or laughter, and others through positivity and cohesiveness, but subjugation and humiliation should never be a factor when building teams, especially in today’s society since we live in such a diverse culture in this country. If an organization relied on humiliating banter in order to form a collective unit, then it shows that the organization is less cohesive and reflects poor management and leadership skills within the organization.
3 0
4 years ago
Suppose your firm receives a million order on the last day of the year. You fill the order with million worth of inventory. The
s344n2d4d5 [400]

Answer:

a. Revenues - These will increase by $5 million to represent the entire value of the order.

b. Earnings. - Increase by $3 million

Earnings in this case are revenue less the cost of inventory which will be;

= 5 - 2

= $3 million

c. Receivables - Increase by $4 million

The customer paid $1 million upfront which means that they still owe $4 million out of the $5 million. This will go to the receivables account to show that the customer owes the business.

5 0
3 years ago
The Big Five Factor categories are referred to as _____. CLEAN OCEAN BFIVE BFPTC
pshichka [43]

Answer:

answer is normal

Explanation:

please mark me as brainlier

7 0
3 years ago
Sweet Tooth Candy Company budgeted the following costs for anticipated production for August:
lidiya [134]

Answer:

Fixed costs= $73,760

Variable cost= $159,430

Explanation:

<u>First, let's separate the factory overhead costs:</u>

<u></u>

Power and light 40,450

Factory insurance 23,560

Production supervisor wages 118,980

Production control wages 30,930

Factory depreciation 19,270

<u>Now, the fixed and variable costs:</u>

Fixed costs= Factory insurance 23,560  + Production control wages 30,930 + Factory depreciation 19,270

Fixed costs= $73,760

Variable cost= Power and light 40,450 + Production supervisor wages 118,980

Variable cost= $159,430

6 0
3 years ago
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